[144] Satellogic Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 notice for Satellogic Inc. (SATL): An individual, Emiliano Kargieman, notified a proposed sale of 209,413 common shares through Morgan Stanley Smith Barney LLC with an aggregate market value of $806,135.34, on or about 09/15/2025. The filing states the shares were acquired as founder stock on 01/26/2022 and payment was in cash. The filer also reported multiple share dispositions by the same person in the prior three months totaling 773,207 shares for gross proceeds of $2,983,925.78 across dates from 08/26/2025 to 09/12/2025. The notice includes the required representation that the seller is not aware of any undisclosed material adverse information about the issuer.

Positive

• Transaction details are transparent: acquisition date, nature (founder stock), broker, number of shares, and market value are provided.
• Recent sales disclosed: the filing lists specific dates, amounts, and gross proceeds for eight prior transactions, enabling clear auditability.
• Required attestation included: the seller represents no undisclosed material adverse information, as required by the form.

Negative

• Large insider selling volume: 773,207 shares sold in the past three months for gross proceeds of $2,983,925.78, which may be viewed negatively by some investors.
• Founder liquidity event: the proposed further sale of 209,413 founder shares on 09/15/2025 reduces insider shareholding without explanation in the filing.

Insights

Financial Analyst

TL;DR: Insider founder is selling founder shares in multiple transactions totaling 773,207 shares for ~$2.98M; a routine liquidity event.

The filings show a founder-originated position being partially liquidated via an institutional broker. The proposed additional sale of 209,413 shares valued at $806,135.34 is explicit and dated for 09/15/2025. Recent dispositions over the past three months are documented with precise dates and proceeds, which provides transparency on selling pace and realized proceeds. This is a permitted disclosure under Rule 144 rather than an operational disclosure about Satellogic's business.

Compliance/Risk Analyst

TL;DR: Form 144 is properly populated with acquisition, payment and recent-sale details and contains the required seller attestation.

The notice identifies the acquisition date (01/26/2022) and nature (founder stock), the broker name and address, number of shares, market value, outstanding shares, and recent trade history. The seller attests to lack of undisclosed material adverse information, fulfilling the Rule 144 statement. The filing does not include information beyond transactional disclosure and contains no statements about issuer performance.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	209413	806135.34	94985681	09/15/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	01/26/2022	Founder Stock	Issuer			209413	01/26/2022	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/12/2025	435956	1716271.58
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/11/2025	60416	227780.40
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/10/2025	80951	304910.04
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/09/2025	1149	4308.75
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	09/03/2025	76685	287967.51
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	08/29/2025	29770	111637.50
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	08/27/2025	15191	56966.25
EMILIANO KARGIEMAN 210 Delburg Street Davidson NC 28036	Common	08/26/2025	73089	274083.75

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Form 144 filed for SATL disclose?

The Form 144 discloses a proposed sale of 209,413 common shares (aggregate market value $806,135.34) and records prior sales totaling 773,207 shares for $2,983,925.78.

Who is selling shares according to this filing?

The seller identified is Emiliano Kargieman, who acquired the reported securities as founder stock on 01/26/2022.

Through which broker will the proposed sale occur?

The proposed sale lists Morgan Stanley Smith Barney LLC, Executive Financial Services, 1 New York Plaza, New York, NY as the broker.

When is the proposed sale expected to occur?

The approximate date of sale for the 209,413 shares is listed as 09/15/2025.

How much did the seller realize from past sales in the last three months?

The seller reported gross proceeds of approximately $2,983,925.78 from sales between 08/26/2025 and 09/12/2025.